A Board of Directors consisting of not less than five (5) and not more than seven (7) members shall govern The Association. All members of the Board shall be members in good standing of the Association.

Within the limits above specified, the number of directors shall be determined by the members at the annual meeting.  The first Board of Directors shall be elected for two (2) years and they shall each serve until their successor shall be elected and shall qualify.  At the second election of directors Three (3) directors shall be elected for one (1) year, two (2) directors shall be elected for two (2) years and two (2) directors shall be elected for three (3) years.   Thereafter, annual elections will be held for either three (3) or two (2) directors, as appropriate, each for a term of three (3) years. After the initial election, directors shall be elected by a majority vote as indicated by Article V, Section 6 of these by-laws.